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About
Liza Akhvledziani started Chexy in Toronto in 2022 after a stint leading finance and strategy at Square Canada, where she noticed that 90% of Canadian transactions happen on cards while 90% of the dollars still move on cheques and EFT — she was writing cheques to her own landlord. Chexy began with rent: tenants pay by Visa, Mastercard, or Amex, and Chexy delivers the money to the landlord by e-Transfer, bill pay, or pre-authorized debit, with no landlord sign-up required. It has since expanded into property taxes, utilities, insurance, tuition, income taxes, and business payments, and partnered with Air Canada's Aeroplan program on rewards. After a $4.1M CAD seed, Chexy closed a $14M CAD Series A led by Khosla Ventures in March 2026 — with Crossbeam, Venrex, and Air Canada participating — and says it remains Canadian-controlled, with a stated goal of reaching $10 billion in annualized volume. (Founding year: Liza dates the company to 2022 on stage — down to still writing rent cheques in 2022 — while BetaKit's Series A coverage says Chexy 'launched in 2023.')
Backers
$14M CAD Series A (March 2026) led by Khosla Ventures, with Crossbeam, Venrex, and Air Canada participating, after a $4.1M CAD seed. On stage, Liza noted all three of Chexy's rounds were US-led and there isn't a single Canadian VC on the cap table (Air Canada is a strategic corporate investor).
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Quick answers
What does Chexy do?
Chexy lets you pay expenses that usually refuse credit cards — rent, property taxes, utilities, tuition, income taxes — with a card. You pay Chexy by Visa, Mastercard, or Amex; Chexy sends the money on by e-Transfer, bill pay, or pre-authorized debit, so your landlord or biller doesn't have to sign up for anything. You collect card rewards (including Aeroplan points) in exchange for a processing fee of about 1.75% on domestic payments.
How does Chexy help build credit?
Rent usually does nothing for your credit score. Chexy's Credit Builder reports your on-time rent payments to Equifax, so the biggest monthly bill most renters have starts showing up in their credit history. You upload your lease to verify the address, and Chexy handles reporting without contacting your landlord — a practical route for newcomers to Canada and anyone with a thin credit file.
Who founded Chexy, and who has invested?
Liza Akhvledziani, previously finance and strategy lead at Square Canada, founded Chexy in Toronto in 2022 and is CEO; Ben Gigone is co-founder and CTO. The company raised a $4.1M CAD seed and then a $14M CAD Series A in March 2026 led by Khosla Ventures — a firm she says wasn't even on her original target list — with Crossbeam, Venrex, and Air Canada participating. She has said all three rounds were US-led, with no Canadian VC on the cap table.